Latest news with #USSenate
Yahoo
10 hours ago
- Business
- Yahoo
Rupee supported at open by dollar dip on US tariffs, fiscal concerns
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is expected to be supported at the open on Monday following a decline in the U.S. dollar due to tariff-related developments and fiscal concerns. The 1-month non-deliverable forward indicated an open in the 85.52-85.54 range, versus 85.5775 in the previous session. The dollar index slipped 0.2% while Asian currencies were mixed on the day. "Not much on the Asian front to guide the rupee today, with two-way flows likely to dominate in the 85.50–85.70 band," a currency trader at a Mumbai-based bank said. According to the trader, interbank players are looking to sell dollar/rupee on up ticks, with stops placed around the 86 mark. In recent sessions, the rupee has found support in the 85.60–85.70 zone, with bankers noting broad-based interest in selling dollars at those levels. The dollar kicked off the week on the defensive against its major peers, weighed down by ongoing uncertainty over U.S. tariffs. President Donald Trump announced late Friday his intention to double duties on imported steel and aluminium to 50%, effective Wednesday. This follows a U.S. trade court that initially blocked much of Trump's tariff plan, ruling that he had overstepped his authority. However, an appeals court later reinstated the bulk of those duties, reigniting market caution. The dollar has further been weighed down by fiscal worries in recent weeks. The U.S. Senate will consider Trump's sweeping tax cut and spending bill, which will add an estimated $3.8 trillion to the $36.2 trillion in debt over the next decade. "US growth and interest rates should continue to converge lower than in many other major economies", which should keep the dollar under pressure, ING Bank said. "And there's still a sizeable risk that fiscal credibility issues take their toll on US assets this summer." KEY INDICATORS: ** One-month non-deliverable rupee forward at 85.64; onshore one-month forward premium at 13.25 paisa ** Dollar index down at 99.2 ** Brent crude futures up 2.7% at $64.5 per barrel ** Ten-year U.S. note yield at 4.41% ** As per NSDL data, foreign investors sold a net $205.6mln worth of Indian shares on May 29 ** NSDL data shows foreign investors bought a net $3,412.8mln worth of Indian bonds on May 29 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 hours ago
- Health
- Yahoo
Kevin Kiley is too focused on battle with Newsom to think of his constituents
'Kevin Kiley scores win against longtime nemesis Gavin Newsom,' ( May 22) The idea that Kevin Kiley 'won' in his ongoing battle against his nemesis, Gov. Gavin Newsom, is as disturbing as it is illuminating. With his relentless pursuit to demonize Newsom through social media and legislative initiatives, Kiley shows that the politics of retribution are not limited to the executive branch. But who are the winners here? Not Californians who need to breathe clean air. Not businesses connected to the electric vehicle industry. Not the voters of the third Congressional district, who have a right to expect their elected representative to pay attention to their needs instead of engaging in a years-long crusade against a fellow politician. Those who pay attention to Kiley's words and actions know this will not be the last time he misuses his public office for political gamesmanship. When an elected official uses their office as a weapon for revenge, we all lose. Barbara Smith Auburn 'California updates track meet rules after Trump threat,' ( May 27) California state law correctly protects the rights of all public school students, including trans students, to be free from discrimination while participating in school-sponsored activities. To the extent that the President of the United States and California State School Superintendent candidate Sonja Shaw, who is running on an anti-trans platform, think they have the power to restrict California's students simply because they don't like our non-discrimination laws, it just goes to show what despicable bullies they truly are. The 16-year-old trans student and her mother, who are now caught in the eye of this storm, are real-life heroines for not only standing up to the bullies holding positions of power in federal and local government, but also to hate-mongering individuals screaming at them from the track meet stands. Like the state of Maine, I have no doubt that Attorney General Rob Bonta will legally challenge any unlawful action taken by the federal government against California and our students. Wendi Ross Roseville 'A Sacramento rabbi speaks out about rising antisemitism,' ( May 24) Rabbi Reuven Taff expressed the painful reality of violent hate crimes Jewish people are experiencing at schools, synagogues, and Jewish communal facilities, like the Jewish museum in Washington, D.C. Callous indifference appears to be mounting amid expressions of bigotry and discrimination against Jews. Anti-Jewish sentiment is widespread in America, and it is causing immense harm to Jewish Americans as individuals, as families, and as a community. People of conscience need to step up as allies and speak out in defense of freedom, equality and safety for Jews and in defense of the rights and welfare of Americans of all backgrounds and identities. Noam Schimmel Lecturer, UC Berkeley 'US Senate votes to overturn California bid to ban gasoline-powered vehicles,' ( May 22) Congratulations to Congress for blocking California's unprecedented and short-sighted attempt to ban gas-powered vehicles by 2035. In a stunning defeat for Gov. Gavin Newsom, this move restores some policy sanity to the once 'Golden State.' In a state leading the nation in poverty, with some of the highest costs of living, Newsom seems determined to remake the state into a haven for only the wealthy. Michael Pruden Sacramento 'California waives the rules for wildfire rebuilding projects,' ( Jan. 29) Safeguarding communities from wildfires is imperative, but the Fix Our Forests Act, co-sponsored by Sen. Alex Padilla, isn't the answer. The bill ignores decades of science-backed research and promotes reckless backcountry logging that fails to keep people or communities safer. It doesn't mitigate fire behavior in extreme wind-driven wildfires. It may even worsen fire risk because forest floors will experience increased exposure to the sun's drying heat, and windbreaks will be lost. We deserve legislation that protects forests and provides real defense against wildfires, not the faux fix of this bill. Jennifer Normoyle Hillsborough
Yahoo
4 days ago
- Business
- Yahoo
Pediatrician Annie Andrews enters Senate race to oust Lindsey Graham
May 29 (UPI) -- Pediatrician Annie Andrews on Thursday declared she is running for U.S. Senate, challenging incumbent South Carolina Republican Sen. Lindsey Graham. In a colorful X post, Andrews said, "I'm Dr. Annie Andrews. I'm a pediatrician, not a politician. But either way I know how to handle people who are full of sh*t. Today I am announcing my campaign for US Senate to replace Lindsey Graham." In her campaign launch You Tube video, she highlighted her concern for children's health, criticizing the Trump administration's handling of health issues. Her video featured video clips of Sen. Graham highlighting Graham's flip-flops on support for President Donald Trump. "You know how you make America great again?," Graham said. "Tell Donald Trump to go to hell." That was followed by Graham saying, "I like the president. I want ot help him, I hope he's successful." In another clip, Graham chastises media for allegedly trying to paint Trump as some kind of "kook," followed by Graham saying, "I think he's a kook. He's not fit to be president." Andrews called that embarrassing. She told The Hill in an interview that Graham has been in office half her life and is inconsistent ideologically and doesn't believe in or stand for anything "other than himself." "Lindsey Graham will take food off of kids' plates ... let prices spiral out of control, gut our nation's Medicaid program, which is the largest insurer for children, just so he can cut taxes for billionaires and his donors and special interests," Andrews said. In a statement, Graham Campaign Manager Mark Knoop said, "The more effective you are in helping enact President Trump's agenda, the more Democrats want to take you down." Knoop accused Andrews of pushing "a radical liberal agenda." Andrews ran for a House seat in 2022. She lost to Rep. Nancy Mace by almost 14 points. Andrews said she is focused in this Senate race on the same things she fought for in 2022. She said her agenda is to achieve "access to quality, affordable health care," to give every child in South Carolina a quality public education, and to do more for families who are juggling multiple jobs just to make ends meet."
Associated Press
4 days ago
- Business
- Associated Press
Alabama AG Steve Marshall to run for U.S. Senate
MONTGOMERY, Ala. (AP) — Alabama Attorney General Steve Marshall announced Thursday that he is running for U.S. Senate, seeking the position being vacated by Sen. Tommy Tuberville. Marshall, a Republican, announced his candidacy in a video that included multiple clips of him being introduced or praised by President Donald Trump. The video called Marshall the senator that 'our state needs and our president can count on.' As attorney general, Marshall banded with other Republican states in filing lawsuits challenging multiple policies of the Biden administration. He was also one of multiple Republican elected officials who attended Trump's 2024 hush money trial in New York to show support and speak on his behalf. Marshall as attorney general also led the development of Alabama's use of nitrogen gas as an execution method. Alabama in 2024 became the first state to use it. Tuberville announced Tuesday that he is running for governor in 2026 instead of seeking a second term in the Senate. The rare open Senate seat is expected to draw a crowded field of candidates. Marshall was first appointed attorney general in 2017 by then-Gov. Robert Bentley. He won a full term in 2018, and was re-elected in 2022. He cannot run for another term because of term limits. He previously served as the district attorney of Marshall County for 16 years. He was initially elected to the district attorney's office as a Democrat but switched to the Republican Party in 2011. Marshall announced last year that he would not run for governor in 2026.
Fox News
4 days ago
- General
- Fox News
Former Navy SEAL mounts Senate bid to 'crush the woke agenda' as Tuberville seeks governorship
Former Navy SEAL Jared Hudson is running for the U.S. Senate, as Sen. Tommy Tuberville, R-Ala., seeks the governorship in the Yellowhammer State. Tuberville, who has served in the U.S. Senate since early 2021, announced a gubernatorial bid this week, leaving Alabama's 2026 U.S. Senate race wide open since there will not be an incumbent in that contest. "President Trump needs fighters, not career politicians. I'm a former Navy SEAL, not a swamp insider — and I'm running for U.S. Senate in Alabama to help secure the border, crush the woke agenda, and defend our Christian values," Hudson noted in a post on X. House Freedom Caucus member Rep. Eli Crane spoke highly of Hudson when sharing the candidate's post on X. "Really glad to see men like Jared jumping into one of the toughest fights on earth. I served with Jared at Team 3. He is a very good man, who loves the Lord and his family," the congressman said in a post. "Eli Crane is a friend & God-fearing patriot," Hudson posted in response to Crane's comments. "We need more warriors like him in Congress — representatives who don't quit & serve the people, not the Swamp. That's why I'm running. I'll provide reinforcements for Eli & Pres. Trump in the fight to Make America Great Again!" Hudson and his wife founded the nonprofit organization Covenant Rescue Group, according to the group's website. "They saw a lack of skills and funding to properly rescue victims and arrest criminals involved in human trafficking and child exploitation," the site notes. "Sharing a passion for children who fall victim to these crimes globally, they decided to become active. They organized their passion, training, and expertise to bring this wicked organized enterprise to an end."
